The following are the nine steps in the accounting cycle. Put the steps in the correct order by writing the correct step number beside each step.
_____ Prepare financial statements
_____ Post to ledger accounts
_____ Analyze business transactions
_____ Journalize and post closing entries
_____ Prepare a trial balance
_____ Prepare an adjusted trial balance
_____ Journalize the transactions
_____ Journalize and post adjusting entries
_____ Prepare a post-closing trial balance
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Q11: The work sheet is a type of:
A)
Q12: The proper sequence for the accounting cycle
Q13: The closing entry for the drawings accounts
Q14: The post-closing trial balance will:
A) be prepared
Q15: If current assets are $1,500 and current
Q16: Use this adjusted trial balance to answer
Q17: Use this adjusted trial balance to answer
Q18: Define and give an example of a
Q20: Indicate whether the following items are current
Q21: Identify the following accounts as either Temporary
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